By Tyler Olson
FOX Business, Jul. 14, 2022
White House says US energy industry taking too much profit, leaving thousands of oil and gas wells unused
As President Joe Biden travels to Saudi Arabia this week to ask for increased energy production from the Middle Eastern nation, American energy industry representatives say Biden should be looking stateside instead.
“We think Texas is a lot closer than Saudi Arabia,’ American Exploration and Production Council CEO Anne Bradbury told Fox News Digital. “And President Biden does not need to be traveling halfway around the world searching for solutions to this energy crisis when the solution is right here at home,”
“If the administration is serious about increasing supply, they should be meeting with producers here at home instead of looking to governments overseas,” added American Petroleum Institute spokeswoman Christina Noel.
Biden’s trip to the Middle East includes visits to multiple countries, including Israel. The White House says the president will tackle a swath of geopolitical issues while he’s there.
But with high gas prices and burning hot inflation, his Friday visit to Saudi Arabia, and energy diplomacy in the Oil Kingdom, will be the most closely watched part of the trip. That is especially the case amid human rights criticism of Saudi Arabia, including for its treatment of gay people and the killing of Jamal Khashoggi.
“We will have the opportunity, among this very broad agenda, to talk about energy security with the leaders of the OPEC nations in the Middle East, just as we discussed energy security when he was on his trips in Europe and in the Indo-Pacific,” National Security Adviser Jake Sullivan told reporters Monday.
“Human rights — are a strategic interest of the United States. So is energy security, so is stopping terrorism, so is seeking peace in a place like Yemen,” Sullivan also said.
Energy Workforce and Technology Council CEO Leslie Beyer, however, told Fox News Digital Biden wouldn’t need to ask the Saudis for more oil if he would just change his administration’s stance on domestic production.
“First and foremost, the vilification of the industry keeps us from being able to access the capital that we need for our long term investments for production. That is really the primary area that they are able to really hinder production,” Beyer said. “It also damages our ability to get workers.”
Beyer also slammed proposed regulations from the Securities and Exchange Commission and said the Department of Interior five-year plan on oil lease sales is inadequate.
“You can’t say on one hand, ‘Industry, I need you to produce more,’ and on the other hand, tie our hands,” she said.
“The inconsistent and hostile messages and policies that we’ve seen out of this administration have been a significant headwind,” Bradbury added.
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